When is the best time for homebuyers?
The real estate market in Imperial Beach and San Diego is shifting, and if you’ve been waiting for the right time to buy, the time may be now! With interest rates at their lowest point in 19 months, this could be your perfect opportunity to secure a beautiful coastal home.
Mark Your Calendar: Sept. 29–Oct. 5 Is the Best Time to Buy
Realtor.com has identified Sept. 29–Oct. 5 as the ideal time to buy a home in 2024. This week is expected to offer the best inventory balance, pricing, and buyer demand. Inventory is high, prices are leveling off, and sellers are more motivated to negotiate, making it an excellent time to enter the market.
Interest Rates Are at Their Lowest in 19 Months
With mortgage rates falling below 6.5%, Andy Walden explains:
“Rates falling below 6.5% made August the most affordable month for housing since February.”
This significant rate drop will boost your purchasing power, allowing you to stretch your budget further and potentially secure a better deal on your dream home.
More Homes to Choose From and More Power to Negotiate
The housing market is experiencing a boost in available inventory, with a 35% increase in homes actively for sale nationwide compared to last year.
This means more choices for you and less competition from other homebuyers. Plus, sellers are more motivated to negotiate, knowing their homes could sit on the market longer without the right offer.
Don’t Wait – Let’s Get Started
The market is in your favor and now is the perfect time to start your home search. Reach out to me today, and let’s find your dream coastal home!
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